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How AI is Transforming and Disrupting Audit

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Manage episode 402422500 series 2991380
Innhold levert av Earmark LLC, Blake Oliver, and CPA. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Earmark LLC, Blake Oliver, and CPA eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Rob Valdez joins Blake to discuss how artificial intelligence and generative chatbots like ChatGPT could automate routine audit tasks. They also explore the potential to train staff more effectively, save significant time on substantive testing, draft higher quality work, and some challenges around adopting these tools, such as security fears, poor system integration, and partners resistant to change.

Sponsor
ShareFile - https://earmarkcpe.promo/sharefile


Chapters
  • (00:53) - Rob Valdez Joins the Show to Talk About AI
  • (02:27) - What Does Rob Do and What Is His Background?
  • (03:35) - State of Artificial Intelligence in Audit
  • (05:21) - Exploring the Use of AI Chatbots
  • (08:55) - Potential of AI in Drafting Financial Statements
  • (12:16) - The Future of AI with Audit
  • (23:41) - Implications of AI on Audit Staff Roles
  • (29:14) - The Power of Automation and Teamwork
  • (31:00) - Challenges in Adopting AI in Firms
  • (33:36) - The Inefficiencies of Current Data Management
  • (35:53) - The Need for Integrated Systems
  • (39:40) - What Will Motivate Aduit Firms To Adapt?
  • (49:04) - The Possibility of Private Equity Getting Involved
  • (53:30) - The Importance of Self-Disruption
  • (54:59) - Thanks For Listening and How To Reach Rob
Sign up to get free CPE for listening to this podcast

https://earmarkcpe.com

Download the Earmark CPE App
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728

Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Connect with Our Guest, Rob Valdez

LinkedIn: https://linkedin.com/in/rob-valdez
Twitter: https://twitter.com/robvaldezcpa

Learn more about Novogradac

Website: https://www.novoco.com/

Connect with Blake Oliver, CPA

LinkedIn: https://www.linkedin.com/in/blaketoliver
Twitter: https://twitter.com/blaketoliver/

  continue reading

83 episoder

Artwork
iconDel
 
Manage episode 402422500 series 2991380
Innhold levert av Earmark LLC, Blake Oliver, and CPA. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Earmark LLC, Blake Oliver, and CPA eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Rob Valdez joins Blake to discuss how artificial intelligence and generative chatbots like ChatGPT could automate routine audit tasks. They also explore the potential to train staff more effectively, save significant time on substantive testing, draft higher quality work, and some challenges around adopting these tools, such as security fears, poor system integration, and partners resistant to change.

Sponsor
ShareFile - https://earmarkcpe.promo/sharefile


Chapters
  • (00:53) - Rob Valdez Joins the Show to Talk About AI
  • (02:27) - What Does Rob Do and What Is His Background?
  • (03:35) - State of Artificial Intelligence in Audit
  • (05:21) - Exploring the Use of AI Chatbots
  • (08:55) - Potential of AI in Drafting Financial Statements
  • (12:16) - The Future of AI with Audit
  • (23:41) - Implications of AI on Audit Staff Roles
  • (29:14) - The Power of Automation and Teamwork
  • (31:00) - Challenges in Adopting AI in Firms
  • (33:36) - The Inefficiencies of Current Data Management
  • (35:53) - The Need for Integrated Systems
  • (39:40) - What Will Motivate Aduit Firms To Adapt?
  • (49:04) - The Possibility of Private Equity Getting Involved
  • (53:30) - The Importance of Self-Disruption
  • (54:59) - Thanks For Listening and How To Reach Rob
Sign up to get free CPE for listening to this podcast

https://earmarkcpe.com

Download the Earmark CPE App
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728

Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Connect with Our Guest, Rob Valdez

LinkedIn: https://linkedin.com/in/rob-valdez
Twitter: https://twitter.com/robvaldezcpa

Learn more about Novogradac

Website: https://www.novoco.com/

Connect with Blake Oliver, CPA

LinkedIn: https://www.linkedin.com/in/blaketoliver
Twitter: https://twitter.com/blaketoliver/

  continue reading

83 episoder

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